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Alicorp Q3 profit climbs 36.6% YOY

Alicorp S.A.A. said its third-quarter normalized net income was 9 Peruvian céntimos per share, compared with the S&P Capital IQ consensus estimate of 11 céntimos per share.

EPS climbed 36.6% year over year from 7 céntimos.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 80.2 million soles, an increase of 36.6% from 58.7 million soles in the year-earlier period.

The normalized profit margin climbed to 4.6% from 3.5% in the year-earlier period.

Total revenue rose on an annual basis to 1.75 billion soles from 1.70 billion soles, and total operating expenses climbed from the prior-year period to 1.57 billion soles from 1.52 billion soles.

Reported net income rose 25.7% from the prior-year period to 90.9 million soles, or 11 céntimos per share, from 72.3 million soles, or 8 céntimos per share.

As of Oct. 31, US$1 was equivalent to 3.36 soles.